Form 4: Luminar Technologies CFO Thomas Fennimore Reports Changes in Beneficial Ownership

Thomas Fennimore, CFO of Luminar Technologies, reports acquisition and disposal of Class A Common Stock due to vesting of restricted stock units and tax obligations.

Summary

• On April 29, 2025, Thomas Fennimore, the CFO of Luminar Technologies, acquired 43,633 shares of Class A Common Stock related to a restricted stock unit award.
• These shares were fully vested upon grant.
• On May 7, 2025, Mr. Fennimore disposed of 22,517 shares of Class A Common Stock at a price of $3.85 per share.
• This disposal was to satisfy tax withholding obligations related to the vesting of the restricted stock units.
• Following these transactions, Mr. Fennimore beneficially owns 132,337 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions by a company executive. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates activity related to equity compensation and tax obligations, which are common occurrences in publicly traded companies.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership by a key executive, but the amounts are relatively small.

Key Dates

Keywords

Luminar Technologies, LAZR, Thomas Fennimore, CFO, Form 4, Beneficial Ownership, Class A Common Stock, Restricted Stock Units, Tax Withholding